A New York task force charged with increasing participation by minority and women-owned underwriters as senior managers yesterday released 30 final recommendations that included creating a uniform request for proposals template and a centralized performance review system. It also called for setting a target of 20% participation by such firms on state-supported bond issues.

The recommendations on so-called minority and women-owned business enterprises, or MWBEs, affect the five state authorities that issue personal income tax bonds and are subject to approval by their boards.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.